Topic: Is global regulation of cryptocurrencies possible? (Read 384 times)
Maybe in the future, countries can agree on general regulation of the cryptosystem. But now many countries prohibit the use of crypto-currency in the territory of their country.
Why is it impossible to regulate bitcoin globally? In fact, this is already happening. Each exchange has rules that are not much different from Bank requirements. Governments could have banned the exchange of bitcoins for Fiat but they went the other way. They take taxes. I don't think the OP has noticed how it came under global regulation.
It may be possible if all countries take it for the development of the economy positively.
We know that governments have distinct agenda and the way they want there economy to grow. Again, some countries of the Far East are not usually interested in things as this, so it might not be possible for a global regulation.
When the cryptocurrency, "growing", it had to overcome serious compliance problems and regulations around the world. These regulatory issues are numerous depending on the country in which you are reading this. However, one problem seems to be repeating over and over again. Money laundering.
You can not disregard the system in which criminal activities take place. The code itself is of course not credible. People will find the way, the forks will be forced on them whether they want it or not. In this situation, regulation can be the only future.
How do you think, how can you create a central office system that regulates the cryptocurrency market? Without it, it will not be a legal payment system ...
You can not disregard the system in which criminal activities take place. The code itself is of course not credible. People will find the way, the forks will be forced on them whether they want it or not. In this situation, regulation can be the only future.
How do you think, how can you create a central office system that regulates the cryptocurrency market? Without it, it will not be a legal payment system ...
I think this is possible if an certain world organizations will lead the global regulations policy on Crypto currencies to their members like the United Nations, NATO, ASEAN and other organizations in which they could agree thru voting if they will accept the Bitcoin and regulate it. Majority of the countries that are member of these organizations are supporting Bitcoin in which they could talk and agree about Bitcoin regulations as they all knows that Bitcoin is becoming more popular everyday.
Yes, the regularization of bitcoin is possible in a global scale. But in effect, the character of bitcoin being a decentralized one, would be removed and replaced. When government takes over the use of bitcoin, tax would be imposed.
It might be possible if the world's powerful countries agrees to regulate it. But there is a recent meeting of G20 member countries for a creation of international cryptocurrency regulation and recommendations from the different countries are soon to be heard in the next meeting of the G20 nations on July. This unified crypto regulations will soon be finalize and will st the sandard for regulation of virtual around the world.
In my opinion... It's a no, since every country has there own policy on creating a policy and every country doesn't have the same kind of government like we are in democratic country, our freedom is different from North Korea, so policy on crypto depend on which country...
Well global regulations will surely happen its either a positive or a negative one. On your example, maybe North Korea will make a regulation on cryptocurrency but its a negative thing for the investors their. This will happen no matter what people say about cryptocurrency because this is the technology that will help us to be better in the future. 
Decentralized crypto currency can and should be regulated, but in addition to the issues of its decentralization. If decentralization is removed, then it will be a completely different crypto currency, completely under the control of states and not unlike money fiat.
In the future, I think, the states will use mostly different centralized crypto currency, and citizens will be able to choose what crypto currency to use depending on the conditions and purposes of its use.
In the future, I think, the states will use mostly different centralized crypto currency, and citizens will be able to choose what crypto currency to use depending on the conditions and purposes of its use.
there is nothing impossible about global regulation of cryptocurrencies but international politics might make it difficult. all it needs is for the supper power nation to come together and agree on the way to regulate it then others will follow. Note whatever is not regulated can easily be abuse.
If it was immoral and dangerous for international society,they'd regulate cryptocurrencies on international level,but as I know and as research shows cryptocurrencies and especially bitcoin is not risky for public safety,therefore they will not regulate it on the institutional level because every concrete country must regulate it as they want,But if it was not true and if it was risky for public safety,they'd create regulations for every country,because international agreements and decisions primary than concrete country's law.
there is nothing impossible about global regulation of cryptocurrencies but international politics might make it difficult. all it needs is for the supper power nation to come together and agree on the way to regulate it then others will follow. Note whatever is not regulated can easily be abuse.
When the cryptocurrency, "growing", it had to overcome serious compliance problems and regulations around the world. These regulatory issues are numerous depending on the country in which you are reading this. However, one problem seems to be repeating over and over again. Money laundering.
You can not disregard the system in which criminal activities take place. The code itself is of course not credible. People will find the way, the forks will be forced on them whether they want it or not. In this situation, regulation can be the only future.
How do you think, how can you create a central office system that regulates the cryptocurrency market? Without it, it will not be a legal payment system ...
You can not disregard the system in which criminal activities take place. The code itself is of course not credible. People will find the way, the forks will be forced on them whether they want it or not. In this situation, regulation can be the only future.
How do you think, how can you create a central office system that regulates the cryptocurrency market? Without it, it will not be a legal payment system ...
It's hard to see this happen. Some government are corrupt themselves. The purpose of bitcoin is decentralization to be free from the control of these officials. It will not serve one of its main purposes if it will be globally regulated. But governments have the power to implement their own regulations on their own country.
There are too many International organizations and agreements which regulate global economical,cultural and legal issues,Such as WTO(The World Trade Organization deals with the global rules of trade between nations.), GATT,APEC,IMF-mission: is to ensure the stability of the international monetary system,also World bank and others...I think there will be very soon one concrete international organization or even agreement which will regulate and won't restrict cryptocurrencies,because its a very wide thing and needs international observations,without this governments will never finish regulating this because of its difficult nature.
this may be one of the factors affecting bitcoin prices that also affect other currencies various regulations appear in various countries that have legalized bitcoin in their respective countries as well as some big investors in China who start to move or trust with FUD.
Global regulation of crypto currency is possible and necessary for its legalization and further introduction into our life. Only such regulation should not affect the principle of decentralization of the crypto currency. The principle of its anonymity is also a priority, but it will be limited to states, at least for the purpose of paying taxes. Other issues of circulation of crypto currency may be subject to regulation.
In my opinion... It's a no, since every country has there own policy on creating a policy and every country doesn't have the same kind of government like we are in democratic country, our freedom is different from North Korea, so policy on crypto depend on which country...
I think you're wrong. Country doesn't matter. North Korea will not always be totalitarian, either. I think that soon we will see the Union of the two Koreas and they will get better. The transition from totalitarianism to democracy is a natural process and therefore cryptocurrencies will find their way in any country. It only takes time.
In my opinion... It's a no, since every country has there own policy on creating a policy and every country doesn't have the same kind of government like we are in democratic country, our freedom is different from North Korea, so policy on crypto depend on which country...
It may be possible if all countries take it for the development of the economy positively.
We know that governments have distinct agenda and the way they want there economy to grow. Again, some countries of the Far East are not usually interested in things as this, so it might not be possible for a global regulation.
It may be possible if all countries take it for the development of the economy positively.
We know that governments have distinct agenda and the way they want there economy to grow. Again, some countries of the Far East are not usually interested in things as this, so it might not be possible for a global regulation.
But a large number of countries do not recognize cryptocurrency to be legal.
It may be possible if all countries take it for the development of the economy positively.
We know that governments have distinct agenda and the way they want there economy to grow. Again, some countries of the Far East are not usually interested in things as this, so it might not be possible for a global regulation.
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